• EnderMB@lemmy.world
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    2 months ago

    There’s a long-believed attitude in venture capital where they believe the reason why there are so few British billionaires is because many people will have a great idea, cash out, and then sit on their wealth once they’ve accumulated enough for a fancy lifestyle for their family. In America, the attitude is towards being a serial entrepreneur, where one success leads from another.

    It’s a long-winded way of saying that to many UK businesses, they probably don’t give a fuck if some millionaires decide to fuck off. Get rid of the fancy property they own in Devon/Cornwall, sell their London property, and tell them to GTFO. They’re probably barely paying any tax, barely contributing to local economies, and are just a drain on the system.